Tesla looking very weak. 200 MA target
I am just late night said, hey Tesla is it finally time for the bell to get rung?
I think it is looking like an ugly head and shoulders, the public response to elon has been poor lately and I think the magic has worn off. Usually these things lead to overcorrections , or maybe corrections in some minds.
Anyway the chart looks bad for Tesla, huge descending channel, triple top, strong rejection on 200 daily MA. Giant Red candle.
Why not test the bottom of the channel again around the 200 weekly MA?
I think it is looking like an ugly head and shoulders, the public response to elon has been poor lately and I think the magic has worn off. Usually these things lead to overcorrections , or maybe corrections in some minds.
Anyway the chart looks bad for Tesla, huge descending channel, triple top, strong rejection on 200 daily MA. Giant Red candle.
Why not test the bottom of the channel again around the 200 weekly MA?
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